Last Week

Oil enters bear market after dropping from early October peak. Since October 3, WTI crude oil has declined as much as 27% given a number of headwinds including weaker demand, increased supply from key producers, expectations for higher U.S. supply and a strong U.S. dollar

In a public appearance last week, Federal Reserve Chair Jerome Powell remained positive on the U.S. economic outlook but acknowledged challenges the U.S. faces in 2019

UK Prime Minister Theresa May vowed to push forward with her Brexit deal despite some in the Conservative party calling for her to step down

U.S. Consumer Price Index figures were close to expectations, with CPI coming in at 2.5% year-over-year (y/y) and CPI Core ticking down from the prior reading to 2.1% y/y